There Needs to be a correction, or at lest some consolidation in the stock because it was increasing continuously since last 5 days, with increase in percentage of almost 20% and RSI is too high with 81.19. We have seen a breakout in the stock, so now its consolidation and correction time. Enter the market after watching stock price for the first 15-30 min of the day to get a best price. Exit point should be the Previous resistance line, current support line at price, 420. People who want exit with further downfall can do because there in chance of support breaking in intra day, but by end of the day price should come back to 420 or above, so put a trailing stop loss of 1% bellow 420, but who is entertaining now and willing to sell at 420 should have a stop loss of437.
All these Information is based on my personal knowledge and may be wrong, involves risk. This is Educational purpose to make my ideas reached to all, and investment at your own risk.
Be safe, and good luck for your Investments.
All these Information is based on my personal knowledge and may be wrong, involves risk. This is Educational purpose to make my ideas reached to all, and investment at your own risk.
Be safe, and good luck for your Investments.
Comment:
I would suggest you to continue your trade for tomorrow too.
Comment:
Trade continues
Trade closed: target reached:
Who so ever have used my idea, congratulations, it a 12 rupees return for each share